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Crédit du Maroc launches 700 million dirham capital increase to support growth ambitions
via Le Matin2 min read
Crédit du Maroc has received approval from the AMMC for a cash capital increase totaling 699.1 million dirhams, including the issue premium. This operation aims to support the bank's growth ambitions and strengthen its equity. The bank will issue 745,285 new shares, each with a nominal value of 100 dirhams, offered at a price of 938 dirhams per share, which includes an 838 dirham issue premium. This will increase the share capital by 74.5 million dirhams and the issue premium by 624.5 million dirhams. The subscription price represents a 9.8% discount compared to the closing share price of Crédit du Maroc on June 3, 2026, which was 1,040 dirhams. The subscription period is scheduled from June 26 to July 16, 2026. Through this fundraising, Crédit du Maroc intends to accelerate its commercial development amidst increasing financing needs from households and businesses. The bank is implementing a strategic plan focused on strengthening its contribution to national economic financing, modernizing its operational model through innovation and digitalization. It aims to industrialize client relationships with finer behavioral segmentation, better anticipation of needs, and targeted commercial actions. Digital transformation is a key pillar, with plans to develop fully digital onboarding, expand paperless processes, and integrate technologies for instant and simplified services. The Holmarcom bank also seeks to expand its presence among new client categories, including professionals,
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The Casablanca Stock Exchange experienced a significant rebound at the start of the week, following the announcement of an agreement between the United States and Iran and the reopening of the Strait of Hormuz, a strategic passage for global oil trade. US President Donald Trump indicated on Sunday that an agreement had been "finalized," leading to a positive market reaction to the prospect of a gradual normalization of energy flows in the region. The benchmark MASI index closed up 4.46% at 18,753 points, with a total volume of 537 million dirhams. This increase allowed the index to recover almost all of its year-to-date losses, which are now at -0.49%. The trading session was largely favorable to buyers, with 55 stocks ending higher, 10 lower, and 4 unchanged. The rebound affected several major capitalizations. Managem recorded one of the session's strongest gains, rising 10% to 14,998 dirhams on a volume of 60 million dirhams. Marsa Maroc also contributed to the market's rebound, attracting 57 million dirhams and closing up 6.63% at 869 dirhams. In the banking sector, Attijariwafa bank saw 50 million dirhams in trades and gained 3.68% to 705 dirhams. Maroc Telecom traded 37 million dirhams and ended the session up 2.30% at 93.5 dirhams. This rebound follows a period of high volatility in Casablanca, particularly due to Middle East tensions and their impact on raw materials, energy, and mining stocks. While the agreement announcement temporarily restored confidence, investors
Agadir is hosting the second Epik Summer Academy from June 25 to 29 at Lunja Village, bringing together 200 participants from over 20 African countries. The event, organized by the pan-African association EPIK Leaders, aims to develop leadership and human capital. It targets students, young entrepreneurs, and community leaders, focusing on fostering a new generation of leaders to address economic, social, and technological challenges in Africa. The academy's theme, "Next-Gen Africa: The Artificial Intelligence Playbook for Leadership," emphasizes artificial intelligence through high-level panels such as "The Code of Tomorrow: Can African Youth Build the Next AI Revolution?" and "The Infinite Game: Performance and well-being in the age of artificial intelligence." The program features an intensive "Learning By Doing" approach, including training, simulations, and collective intelligence. Participants can pursue certifications from international academic institutions like Harvard and Oxford in modules covering project management, team management, and impact communication. Personal development is also addressed through the Innermetrix psychometric assessment "Decoding You." A 360-minute hackathon on artificial intelligence will allow participants to design and prototype innovative solutions. The academy also aims to create lasting pan-African networks through cohesion and networking activities. Dr. Nizar Chaari, founder of Epik Leaders, stated that the goal is to democratize acc
The Mohammed VI Foundation for Sciences and Health FM6SS and ABA LIFE have partnered to create a joint venture focused on developing and operating intelligent health infrastructures. This initiative aims to modernize Morocco's health sector by integrating medicine, engineering, and artificial intelligence to enhance accessibility, performance, and resilience in healthcare, initially in Morocco and later across Africa. The first solutions are expected to be deployed by October 2026, covering medical research, telemedicine, biomedical engineering, territorial health, biosurveillance, emergency management, and health tech startup incubation. The partnership is built on three strategic pillars. The first involves research and public health, with goals to support over 50 applied AI research programs, precision medicine, and a "One Health" approach, aiming for 100 international scientific publications by 2030. An African epidemiological observatory is also planned by late 2026. The second pillar focuses on modernizing clinical practices through accelerated telemedicine and immersive training, with plans to train over 100,000 healthcare professionals in AI and deploy digital solutions in hundreds of facilities. The project targets over 25 million cumulative teleconsultations and tele-expertise by 2030. The third pillar supports the emergence of a HealthTech, MedTech, and Biotech industrial ecosystem, intending to assist over 100 innovative startups, foster African technological cham